South African arms manufacturer Denel eyes a comeback in India | Latest News India - Hindustan Times
close_game
close_game

South African arms manufacturer Denel eyes a comeback in India

Hindustan Times | By, Quepem (goa)
Mar 30, 2016 11:27 AM IST

South African arms manufacturer Denel, which faced a CBI probe for alleged kickbacks, is seeking to stage a comeback in the Indian defence market.

 South African arms manufacturer Denel, which faced a CBI probe for alleged kickbacks, is seeking to stage a comeback in the Indian defence market.

South African arms manufacturer Denel is seeking to stage a comeback in the Indian defence market.(AFP/Representative Photo)
South African arms manufacturer Denel is seeking to stage a comeback in the Indian defence market.(AFP/Representative Photo)

Denel is taking part in India’s leading military systems’ exhibition for the first time after the probe in 2005 for alleged kickbacks for the supply of bunker buster anti-material rifles. The CBI filed a closure report in 2013 as the charges could not be proved. Denel was blacklisted by the defence ministry and the ban was lifted two years ago.

Hindustan Times - your fastest source for breaking news! Read now.

“We are back in business and are looking at tapping the potential of the Make in India plan. India is a huge market and there’s lots of space to fill,” said Vuyelwa Qinga who heads communications for the Denel group.

The products displayed by the firm include the NTW 20 anti-material rifles, GI-30 externally powered canon, Hungwe II unmanned aerial vehicle, GA-1 20 mm canon and PAW 20 assault weapon.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On